Lowe Logistics LLC | Application Preview
Lowe Logistics LLC is seeking government grants to expand its operations by acquiring additional trucks, necessary equipment, and potentially a larger warehouse. This expansion aims to create more jobs and increase revenue for the company.
The business plan includes adding two trucks to the fleet, which will enable the hiring of more employees and generate additional income. The company intends to transition from leasing to owning its facility, which will build equity. The goal is to respond to a market demand for businesses that offer both delivery and installation services, as most competitors provide only one of these services.
Lowe Logistics has been operational for six years and has experienced consistent growth, even during the challenges posed by the Covid-19 pandemic, which led many similar businesses to close. With funding, the company plans to solidify its presence in the market and continue contributing to the community through job creation and service provision.
The top competitors identified are Advanced Office Logistics, Planes Moving and Storage, and Commercial Movers. Lowe Logistics differentiates itself by being one of the few companies in the area that offers comprehensive delivery and installation services along with storage options, positioning itself strongly in a competitive market.
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General Information
Business Registration Number: 81-2188138
Location: Indianapolis, IN, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
I would like to take my company to the next level with more trucks, equipment, and possibly a bigger warehouse for storage. That would create more jobs and revenue for my company.
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Business Plan
First, I need 2 more trucks to add to my fleet, with adequate equipment for each. This will give me more employees to create revenue. As soon as I have the resources I will advertise to the public for office delivery and installation services. Lowe Logistics needs to get away from leasing a property to owning its own for equity. This market is saturated with low end workers. Clients are looking for companies that offer delivery and installations crews, instead of one or the other. I have an opportunity to add clients now, just need funding for trucks, equipment, and storage facility. I have been in business for 6 years now, and slowly growing every year. Even when Covid-19 shut down the country, I battled to stay open and succeeded. There were a lot of companies like mine that had to close the doors. I plan on staying open and creating jobs, and giving back to the community as long as there is need for delivery and installations services.
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Self Identified Competition
Top 3 competitors would have to be Advanced office Logistics, Planes moving and storage, and Commercial Movers. What makes my company different from the rest is I am one of the few that offer Delivery and installations services, with storage. Most companies only offer installation services with no delivery or storage.
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